§ 705. Notice requirement
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 21 P.S. Deeds and Mortgages
21 P.S. § 705
§ 705. Notice requirement
A bank, savings bank, savings and loan association or other lending institution holding a residential mortgage shall send written notification by first class mail to the mortgagor when the mortgage has been fully paid. Any moneys remaining in any escrow account established for the payment of taxes or insurance premiums shall be returned within 30 days to the mortgagor.
Credits
1986, May 9, P.L. 165, No. 53, § 1, effective in 60 days.
21 P.S. § 705, PA ST 21 P.S. § 705
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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